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Morgan Stanley's Asia wealth push faces poaching pull by ultra-rich

With the region's expansion of wealth, there is a shortage of top professionals to run rich families' operations

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Asia-Pacific's ultra-rich are luring top relationship managers from private banks to manage their family wealth.

Singapore

ASIA'S swelling ranks of the mega-wealthy are proving to be a mixed blessing for Morgan Stanley.

The firm's Asian private banking unit has boosted assets under management and revenue this year, according to Vincent Chui, who oversees the

sentifi.com

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